Dermatologists in the US - Industry Research Report

Healing treatment: The advantages of group practices will become more necessary as healthcare costs rise

Rising incomes and broader insurance coverage have facilitated access to dermatology practices in recent years, supporting robust practice growth. While COVID-19 disrupted growth as patient volumes fell in 2020, a jump in healthcare spending and pent-up demand post-COVID offset the decline. Still, the pandemic has had more lasting effects on dermatology practices. COVID-19 has caused more practices to adopt teledermatology while rising operating costs have accelerated consolidation activity. Revenue has expanded at a CAGR of 1% to $8.7 billion over the past five years. A slowdown in total healthcare spending and recession concerns will decelerate growth to 0.5% in 2023.

This industry includes health practitioners that specialize in diagnosing and treating diseases of the skin, scalp, hair and nails. Dermatologists may also offer cosmetic services such as Botox. Plastic surgeons, however, are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.